Active demat account hits 2 crore mark, says CDSL

Stock Analysis, IPO, Mutual Funds, Bonds & MoreCDSL is the largest depository in the country in terms of active demat accounts and accounts for 67 per cent of the new accounts added in FY20.ETMarkets.com|Last Updated: Jan 27, 2020, 09.44 PM IST|Original: Jan 27, 2020, 09.39 PM ISTGetty ImagesCentral Depository Services (CDSL) on Monday said the number of active demat accounts opened with it has crossed two crore (20 million) mark.

CDSL is the largest depository in the country in terms of active demat accounts and accounts for 67 per cent of the new accounts added in FY20.

The depository firm, which began operations in 1999, reached the one crore active demat accounts in September 2015.

Nehal Vora, MD & CEO, said: “CDSL became the first depository to open its branch in IFSC, GIFT City and continuing with many firsts, CDSL has now become the first Depository to reach the milestone of two crore active demat accounts. The growing active demat accounts are testimony to CDSL’s ability to offer ease of doing business to its demat account holders, DPs, Registrar & Transfer Agents (RTAs) and Issuers.”
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